National Bank World Elite Mastercard

National Bank World Elite Mastercard
Welcome Bonus
No Welcome Offer
Annual Fee
$150
  • Up to 5 points per dollar at grocery stores and restaurants
  • Up To $150 Annual Credit
  • Premium insurance
Interest rates
Purchase Rates
20.99 %
Cash Advance Rates
22.49 %
Balance Transfer Rates
22.49 %
Best credit card Travel- Reversed

Offer

  • Earn up to 5 points per dollar in eligible grocery and restaurant purchases*
  • Earn 2 points per dollar in eligible gas and electric vehicle charging purchases, recurring bill payments and À la carte (TM) travel purchases*
  • Earn 1 point per 1 dollar in other purchases
  • Up to $150 each year in refund for travel expenses on airport parking, seat selection, check-in fees, airline ticket upgrades and access to airport lounges worldwide
  • Your credit card gives you access to a multitude of rewards. Our customers choose from several options to treat themselves with the points they have accumulated:
    • Get your hands on new electronics, kitchen accessories, gift cards and more
    • Make a payment on your credit card with your points
    • Contribute to your RRSP and TFSA
    • Make a donation to one of the participating charities
    • Plan a trip when you can travel again
    • And more!
  • Free and unlimited access along with one (1) guest to the National Bank Lounge at Montréal-Trudeau airport.
  • Enjoy up to 60 days’ coverage with our travel, trip cancellation/interruption, baggage loss and car rental insurance
  • Out-of-province-of-residence medical/hospital insurance, Departure flight delay insurance, Baggage insurance in case of delay, Baggages insurance in case of theft or loss, Vehicule rental insurance

Card Awards

Best credit card – travel
Best credit card – MASTERCARD
Best credit card – travel insurance
Best Travel Insurance Credit card
Best Premium Travel Credit card ?
Best Travel Credit card Flexible Rewards Mastercard

Fees & Conditions

Personal Income $80,000
Household Income $150,000
Annual Fee $150
First Additional Card $50
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 22.49%
Balance Transfer Rates 22.49%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

VIP Lounges
Travel benefits $150
Luggage Credit
Travel Credits
Wifi Access
Costco

Earnings

Per dollar of purchases

All Spending 1 Point
Groceries 5 Points
Gas 2 Points
Dining and Food delivery 5 Points
Convenience Stores 1 Point
Drugstores 1 Point
Local Transport 1 Point
Travel 1 Point
Entertainment 1 Point
Recurring Payments 2 Points
Telecom/Internet 2 Points
Streaming services 1 Point
Online transactions 1 Point
Office Supplies 1 Point

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
60 day(s)
Travel medical insurance up to 64 years old
$5,000,000
31 day(s)
Travel medical insurance 65+
$5,000,000
15 day(s)
Trip Cancellation Insurance
$2,500
Trip Interruption Insurance
$5,000
Common Carrier Travel Accident Insurance
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
2 year(s)
Purchase Protection
180 day(s)
Mobile Device Insurance
$1,000
2 year(s)
Price Protection
Insurance Document

Our review

The National Bank’s World Elite Mastercard® is the Best National Bank Mastercard credit card.

With this card, you earn up to 5 points per dollar on your purchases:

  • 5 points per dollar on grocery and restaurant purchases
  • 2 points per dollar on gas and electric recharge purchases
  • 2 points per dollar on recurring bills
  • 2 points per dollar on À la carte Travel
  • 1 point per dollar on all other purchases

And since it’s a National Bank Mastercard credit card, you can use it at Costco. With this card, you have access to a $150 annual travel credit that you can use in any of these categories:

  • Airport parking
  • Baggage fees
  • Seat selection
  • Access to airport lounges
  • Flight upgrades

In addition, you can enjoy access to DragonPass airport lounges and free Wi-Fi with Boingo. And unlimited access to the National Bank Lounge at Montreal-Trudeau.

Finally, Milesopedia voted National Bank’s World Elite Mastercard the Best Credit Card for Travel and the Best Credit Card for Insurance in 2023.

Frequently Asked Questions

  • How do I apply for a National Bank World Elite Mastercard?

    To apply for the National Bank World Elite Mastercard, simply click on the Apply Now button. You will be redirected to the National Bank website, where you can securely apply for this credit card.

    National Bank will then let you know if you are approved for that credit card. If you’re approved, you’ll receive your National Bank World Elite Mastercard in the mail.

  • How many points can I earn for purchases made with the National Bank World Elite Mastercard?

    With the National Bank World Elite Mastercard, you can earn up to 5 points per dollar spent.

    With this National Bank credit card, you earn up to 5 points per dollar on your purchases:

    • 5 points per dollar on grocery and restaurant purchases
    • 2 points per dollar on gas and electric recharge purchases
    • 2 points per dollar on recurring bills
    • 2 points per dollar on À la carte Travel
    • 1 point per dollar on all other purchases
  • How do I use the travel credit on my National Bank World Elite Mastercard?

    With the National Bank World Elite Mastercard, you have access to a $150 annual travel credit that you can use in any of these categories:

    • Airport parking
    • Baggage fees
    • Seat selection
    • Access to airport lounges
    • Flight upgrades

    For example, you can use this National Bank National Bank’s World Elite Mastercard® credit for fees charged by an airline.

  • What insurance coverage does the National Bank World Elite Mastercard offer?

    With the National Bank World Elite Mastercard, you benefit from a wide range of insurance coverages:

    • Out-of-province hospital insurance
    • Trip cancellation (before departure)
    • Trip interruption (after departure)
    • Flight delay (more than 4 hours)
    • Baggage delay (more than 6 hours)
    • Lost or Stolen Baggage Insurance
    • Vehicle rental insurance
    • Insurance against theft or breakage (180 days)
    • Mobile Device Insurance
    • Possibility of tripling the manufacturer’s warranty
  • Can I access an airport lounge free of charge with my National Bank World Elite Mastercard?

    With your National Bank World Elite Mastercard, you have free access to the National Bank Lounge at Montreal-Trudeau International Airport.

    This benefit is available to the cardholder, one guest and up to 2 children under 12.

    Also, you can access airport lounges that are members of the DragonPass program. However, you will be charged a fee for each DragonPass airport lounge access.

    Here are the conditions to be aware of:

    • Visitors must present their physical credit card and boarding pass to access the National Bank Lounge.
    • Guests cannot spend more than three (3) hours in the Lounge.
    • For National Bank clients who do not have free Lounge access and for additional guests, admission is around $37 for adults and $26 for children, plus tax. Admission is free for children under three years old. The entry price may change at any time without notice and at the discretion of the Lounge operator.
  • How can I use my National Bank World Elite Mastercard points?

    There are many ways to use your National Bank World Elite Mastercard rewards points:

    • À La Carte Travel
    • Statement credit for travel purchases
    • Statement credit for any purchase
    • Contribute to an RRSP or TFSA
    • Reimbursement of your all-in-one line of credit or mortgage loan
    • Gift-card
  • Is the National Bank World Elite Mastercard the best National Bank credit card?

    Yes, the National Bank World Elite Mastercard is the best credit card offered by National Bank.

    The National Bank’s World Elite Mastercard® stands out thanks to:

    • Travel rewards earning rate
    • Travel benefits
    • Insurance coverage
  • How does the National Bank World Elite Mastercard compare with other credit cards?

    On Milesopedia, you can easily compare credit cards. You can add the National Bank’s World Elite Mastercard® to the credit card comparison tool and compare it with other credit cards.

  • Is the National Bank World Elite Mastercard accepted at Costco?

    Yes, National Bank’s World Elite Mastercard® is accepted at Costco.

Alternative Cards

  • No Foreign Transaction Fee
  • $100 Annual Credit
  • Accepted at Costco
Learn More
Best No-FX fee credit card in 2023

Special offer: Earn up to 80,000 points ($400 travel value)* PLUS receive a $100 annual travel enhancement credit*. Must apply by September 29, 2023. Conditions apply.

  • Welcome bonus of 20,000 points* ($100 travel value)
  • Earn 60,000 points* when you keep your account open and active for 60 days ($300 travel value)
  • Receive a $100 annual travel enhancement credit*

With the HSBC World Elite Mastercard you earn:

  • 6 points for $1 in Net Purchases which are Travel Purchases
  • 4 Points for $1 in Net Purchases that are Gas, Grocery and Drugstore Purchases
  • 2 Points for $1 in Net Purchases, other than Travel, Gas, Grocery and Drugstore Purchases.

Save on all your foreign currency purchases (even online) with no additional foreign currency conversion charges.

Enjoy maximum flexibility and redeem your Points on your terms for:

  • Travel
  • Gift cards and valuable merchandise
  • Financial rewards
  • Rewards for miles

 

Legal

*Terms and Conditions apply

®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

Annual Fee
  • Primary card $149
  • Additional card $0
Annual Income Required
  • Individual $80,000
  • Household $150,000
Conversion fees
  • 0.00 %
Interest Rates
  • Purchase Rates 19.9 %
  • Cash Advance Rates 21.99 %
  • Balance Transfer Rates 21.99 %
Earning Rate
  • Travel6Points
  • Air Canada6Points
  • Groceries4Points
Value
  • Year 1 $860
  • Year 2+ $380
Best For
Transfer Partners
  • Asia MilesBritish Airways Executive ClubKrisFlyerHSBC World Elite Rewards Program

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$2,000,000
31 day(s)
Travel medical insurance up to 64 years old
$2,000,000
31 day(s)
Travel medical insurance 65+
$2,000,000
21 day(s)
Trip Cancellation Insurance
$2,000
Trip Interruption Insurance
$2,000
Common Carrier Travel Accident Insurance
$750,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$200
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
31 day(s)
Hotel/Motel Burglary Insurance
$1,000
  • 5X points on travel purchases
  • Access to VIP Lounges
  • Accepted at Costco
Learn More
  • Welcome offer: Get up to 70,000 points and the annual fee waived in the first year for both the primary cardholder and authorized users.*
  • 5x the points for every $1 spent on eligible travel purchases,* 3x the points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments,* 1 point for every $1 spent everywhere else.*
  • Now get the highest rewards points for travel of any premium flexible travel card in Canada!†
  • Complimentary membership in Mastercard Travel Pass provided by DragonPass,* with four annual complimentary passes.
  • Access over 1 million Wi-Fi hotspots around the world – all at no added cost, and no added fees or roaming charges*
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Points you can use to cover all flight charges & taxes*
  • Fly on any airline, with no blackout dates*
  • Redeem your points at any time through the BMO Rewards center.
  • Best-in-class travel and medical insurance (unlimited trips per year)*
Legal

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information

*Terms and conditions apply

†Statement based on a comparison of the redeemable value of the non-promotional travel rewards points earned on premium flexible Canadian credit cards as of May 3, 2022. “Flexible” is defined as points earned when you purchase travel anywhere and “premium” refers to cards with an annual fee of ≤ $150 or has an income requirement of ≤ $150,000 annual individual income.

Annual Fee
  • Primary card $150
  • Additional card $50
Annual Income Required
  • Individual $80,000
  • Household $150,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 23.99 %
  • Balance Transfer Rates 23.99 %
Earning Rate
  • Travel5Points
  • Air Canada5Points
  • Dining and Food delivery3Points
Value
  • Year 1 $1,055
  • Year 2+ $289
Best For
Transfer Partners
  • BMO Rewards

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$2,000,000
21 day(s)
Travel medical insurance up to 64 years old
$5,000,000
21 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
$1,500
Trip Interruption Insurance
$2,000
Common Carrier Travel Accident Insurance
$500,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$500
Auto Rental Loss/Insurance
$65,000
48 day(s)
Hotel/Motel Burglary Insurance
$1,000
  • 5X points on groceries and dining
  • Purchase Insurance
  • Accepted at Costco
Learn More
Best credit card for everyday spending in 2023

Receive up to 20,000 bonus points ($165 cash back value):

  • Receive 15,000 bonus points†† ($125 in cash back value) after your first eligible purchase within the first 90 days of account opening
  • Receive 5,000 bonus points†† once enrolled for e-statements within the first 90 days of account opening.
  • Earn 5 points‡ for every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $50,000 is spent annually in the applicable category. 1 point‡ for every $1 on all other eligible purchases
  • Each year, you will receive Birthday Bonus Points‡ equal to 10% of the total number of Points earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 15,000 Points.
  • Redeem points‡ for brand-name merchandise, gift cards from participating retailers, cash back, charitable donations, and travel.
  • Standard Annual Interest Rates of 20.99% on eligible purchases, 20.99% on balance transfers✪, and 20.99% on cash advances
  • Mobile Device Insurance*** With Mobile Device Insurance, you’ve got up to $1,000 in coverage for eligible mobile devices in the event of loss, theft, accidental damage or mechanical breakdown
  • $120 annual fee. $50 Additional Card Annual Fee for one authorized user (if you have one).
  • To qualify, your personal annual income must be greater than $80,000, or your household annual income must be $150,000 or greater††††
Legal

††, ‡, ✪, ***, ††††, Terms and Conditions apply.

This offer is only available to residents of Quebec. For residents of other provinces/territories please click here.

Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.

Annual Fee
  • Primary card $120
  • Additional card $0
Annual Income Required
  • Individual $80,000
  • Household $150,000
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 20.99 %
  • Balance Transfer Rates 20.99 %
Earning Rate
  • Groceries5Points
  • Dining and Food delivery5Points
  • Recurring Payments5Points
Value
  • Year 1 $733
  • Year 2+ $533
Best For
Transfer Partners
  • MBNA Rewards

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
4.8 Milesopedia Rating